15890 Quail Trail
About This Property
There is a 22 X 40 ft metal building with on an 8.6" concrete slab. The building has two 10' X 12' roll up doors, that is hurricane rated.
Also on the property is a 5.5' X 8' storage building. Fenced with 2 large entrance gates on the main access road.
Feels rural but you are close to boat ramps, restaurants, and all that Pine Island has to offer.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017